HomeMy WebLinkAbout030423 RES - 02/17/2015 Resolution of the City Council of the City of Corpus Christi, Texas in support of the
proposed affordable housing project known as River View at Calallen Apartments
to be developed by River View at Calallen, Ltd.
Whereas, River View at Calallen, Ltd. (the "Applicant") has proposed a
development project to construct 120 apartments to provide affordable housing that is
located at the 12000 block of Leopard St., Corpus Christi, Texas 78410 and named River
View at Calallen Apartments ("River View at Calallen Apartment Project"); and
Whereas, the Applicant intends to submit an application to the Texas Department
of Housing and Community Affairs ("TDHCA")for 2015 Housing Tax Credits for the River
View at Calallen Apartment Project; and
Whereas, the City of Corpus Christi will provide its assistance under the HOME
Program utilizing loan terms that meet the requirements of the TDHCA 2015 Qualified
Allocation Plan, Section 11.9(d)(2) in order to ensure the maximum possible score by the
applicant under TDHCA's rules;
Whereas, the Applicant has pre-applied for HOME funding for the River View at
Calallen Apartment Project in the amount of $300,000 from the City of Corpus Christi;
and
Whereas, the City of Corpus Christi intends to commit set aside HOME Funds
from the City of Corpus Christi FY 2015 Consolidated Annual Action Plan ("CAAP") to
support the Applicant's River View at Calallen Apartment Project contingent upon an
award of Housing Tax Credits from the TDHCA to Applicant and subject to available
funds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
Section 1. The City Council for the City of Corpus Christi hereby supports the
proposed River View at Calallen Apartment Project.
Section 2. The City Council for the City of Corpus Christi hereby acknowledges
the support for the allocation of Housing Tax Credits for the River View at Calallen
Apartment Project. Funding from the City of Corpus Christi for this proposed project will
be subject to award of Housing Tax Credits to Applicant and receipt of available HOME
funds to be approved by U.S. Department of Housing and Urban Development through
the City of Corpus Christi FY 2015 CAAP.
030423
INDEXED
PASSED AND APPROVED this 11 d of 'U , 2015 at a Regular
Meeting of the City Council of the City of Corpus Christi, Texas.
PITZe.,&40,
S CITY CORPUS CHRISTI
Rebecca Huerta Nelda Martinez
City Secretary Mayor
Corpus Christi, Texas
I 1 , 2015
The above resolution was passed by the following vote:
Nelda Martinez
I /
Rudy Garza, Jr. '0
Chad Magill
Colleen McIntyre
Lillian Riojas UAW-
Brian
Rosas
Lucy Rubio
Mark Scott
Carolyn Vaughn _ ,
I
030423